Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — Q1 2015 Earnings Presentation
14 slides from Vossloh Aktiengesellschaft's earnings presentation, Apr 30, 2015
Slide 1: Presentation to Investors
Presentation to Investors April 30, 2015, interim report as of March 31, 2015 Oliver Schuster – CFO
Slide 2: Disclaimer
Disclaimer Note: This presentation contains statements concerning the future business trend of the Vossloh Group which are based on assumptions and estimates of the Company’s management. If the assumptions underlying the forecasts fail to materialize, the actual results can significantly deviate fro
Slide 3: Transforming Vossloh: Highlights January – April 2015
Vossloh Group, Q1/2015 Transforming Vossloh: Highlights January – April 2015 2015 is off to a good start after an incisive year in 2014 Group sales up, EBIT slightly positive Guidance confirmed New medium-term Group financing secured: better interest rates and a great degree of flexibility
Slide 4: Group sales and EBIT in line with expectations
Vossloh Group, Q1/2015 Group sales and EBIT in line with expectations Sales growth driven by the Customized Modules business division and the business units of Rail Vehicles as well as Vossloh Electrical Systems from the Transportation business division As expected, declining Group EBIT compared
Slide 5: Share of sales from non-European regions increases to 42.5%
Vossloh Group, Q1/2015 Share of sales from non-European regions increases to 42.5% Stable sales volume in Europe: lower sales in Germany and France; significant revenue increases in the rest of Western Europe (Great Britain), pleasing growth in Northern Europe (Sweden and Denmark) Significant in
Slide 6: Capital Employed declining significantly, net debt higher than previous year
Vossloh Group, Q1/2015 Capital Employed declining significantly, net debt higher than previous year Significant decline in equity due to negative Group net income in 2014 Working capital almost unchanged Decrease in capital employed due to the goodwill impairment charge in the Switch Systems b
Slide 7: Improved cash flow development from operating activities
Vossloh Group, Q1/2015 Improved cash flow development from operating activities Gross cash flow nearly unchanged Working capital structure in 2015 influenced, i.a. by currency fluctuations As expected, negative free cash flow in Q1, however significantly improved as compared to the previous ye
Slide 8: Comparatively lower investment; main focus core business divisions
Vossloh Group, Q1/2015 Comparatively lower investment; main focus core business divisions Largest investments in the Lifecycle Solutions business division, major projects: continued development and increase in capacity for high speed grinding trains as well as development of a milling train Decl
Slide 9: Core Components division, Q1/2015
Core Components division, Q1/2015 Sales slightly below the previous year's level, EBIT at € 6.4 million Upturn in sales in Southern Europe, weaker sales development in Russia and in Korea EBIT lower than in the previous year due to the decline in sales and product mix Capital employed almost u
Slide 10: Customized Modules division, Q1/2015
Customized Modules division, Q1/2015 Significant sales growth, EBIT improved due to higher business volume Revenue increase of 19.4% compared to previous year, driven primarily by positive development in Sweden and the USA Increase in EBIT due to a higher level of sales Working capital unchang
Slide 11: Lifecycle Solutions division, Q1/2015
Lifecycle Solutions division, Q1/2015 Revenues almost unchanged As expected, sales decreased slightly by 2.1%, primarily because of lower revenue from transport/logistics activities Negative EBIT, ROCE and value added with business volume still low in the first quarter Working capital increase
Slide 12: Transportation division, Q1/2015
Transportation division, Q1/2015 Significant sales growth, orders received considerably lower than previous year Revenue increase of 11% following positive sales development in the business units of Vossloh Rail Vehicles (sales grew by 49.3% to €60 million) and Vossloh Electrical Systems (sales in
Slide 13: Outlook 2015 confirmed – Ongoing improvement expected
Vossloh Group, Outlook Outlook 2015 confirmed – Ongoing improvement expected Sales growth between 3% and 4% 2015e* EBIT margin improves to between 3% and 4% Positive free cash flow 2016e* Still below EBIT target margin; development impacted by low-margin multi-year projects and increased
Slide 14: Financial calendar and contact
Financial calendar and contact Financial calendar May 20, 2015 Annual General Meeting, Düsseldorf July 30, 2015 Interim Report as of June 30, 2015 October 29, 2015 Interim Report as of September 30, 2015 Contact information for investors: Lucia Mathée, MATHEE GmbH E-Mail: investor.relation
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